The Purchasing Approach That Holds the Suppliers Responsible for Maintaining

question 121

Multiple Choice

The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is

• A) few suppliers
• B) many suppliers
• C) Keiretsu
• D) vertical integration
• E) virtual companies

---

Definitions:

Crowding Out Effect

A situation where increased government spending leads to reduced investment in the private sector, often due to higher interest rates.

Government Borrowing

The process by which a government obtains funds from external sources, such as issuing bonds, to finance its expenditures that exceed its income.

Beta

A measure of a security’s or portfolio's volatility in relation to the overall market.

Fed Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, set by the Federal Reserve.